econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 26 September 2016

Early Headlines: Asia Stocks Down, Fed Wants Banks' Commodity Limits, Treasuries Being Sold, EZ Business Output Softens, France Contraction, Saudi's Boost Banks, Canada Tightens Borders For Chinese And More

Written by

Early Bird Headlines 26 September 2016

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Global

asia.pac.2016.sep.26

U.S.

  • Clinton and Trump get ready to rumble - but do the debates actually matter? (The Conversation) It's possible that some voters may in fact change their minds based on what they see in the two's only on-camera encounters. And yet, barring a true disaster or devastating triumph, it's unlikely that anything the candidates say or do will make much difference to the overall result. This might not seem all that surprising for these two candidates in particular. Leaving aside how long they've both been in public life, social media and the 24-hour news cycle have put Clinton and Trump under incredible scrutiny ever since they announced their respective candidacies - and their every sentence and gesture has already been analyzed in the greatest detail. The author points out that in presidential debates it is not so much what a candidate says but how he/she says it and how they look. The example is given of the 1960 debate between Kennedy and Nixon where analysts felt the two candidates were quite even by the appearances of the candidates:

Notoriously, television viewers responded very favourably to Kennedy's film-star good looks, but were turned off by Nixon, who refused to wear make-up and looked sweaty and uncomfortable under the studio lights. In contrast, those who listened on the radio believed that Nixon had come out on top. It seems that viewers saw Kennedy as more "presidential" than Nixon, especially given his calmness under pressure. Kennedy did work hard to exploit some of Nixon's weaknesses on policy, but in the end, that turned out not to be the point.

  • Fed Seeks Aggressive Limit on Wall Street Commodity Holdings (Bloomberg) Goldman Sachs Group Inc.'s and Morgan Stanley's sometimes lucrative romance with metals, coal and oil could become prohibitively expensive under a proposed rule released Friday by the Federal Reserve. The long-awaited regulation would require banks to put up much more capital to support investments in physical commodities, restrict involvement with power plants and limit the amount of trading banks can do. While the Fed doesn't have the power to sever banks' ties to physical commodities, it is seeking massive capital increases for the activities -- especially at Goldman Sachs and Morgan Stanley, which have special legal exemptions to stay in those businesses. Fed officials estimated that the rule would mean about $4 billion in additional capital for the industry's current level of investment, though Wall Street has been steadily backing away.

  • Treasury Market's Biggest Buyers Are Selling as Never Before (Bloomberg) They've long been one of the most reliable sources of demand for U.S. government debt. But these days, foreign central banks have become yet another worry for investors in the world's most important bond market. Holders like China and Japan have culled their stakes in Treasuries for three consecutive quarters, the most sustained pullback on record, based on the Federal Reserve's official custodial holdings. The decline has accelerated in the past three months, coinciding with the recent backup in U.S. bond yields.

  • Why I Switched My Endorsement from Clinton to Trump (Dilbert by Scott Adams) Hat tip to LG. Scott Adams, who has been praising Trump for over a year, has found a pretense to change his endorsement from "Crooked Hillary" to "Great Donald". It is Hillary's proposed increase in estate taxes that he cites for his primary reason for changing.

  • Finance Is Ruining America (The Atlantic) Finance is an extractive process which leaves destitution in its wake when it is not used for creation of the means of production of goods and services, as well as the employment of people to buy them. This article illustrates how that has led to the destruction of community balance in southeastern Connecticut.

  • Who will win the presidency (FiveThirtyEight) The forecast probabilities are little changed since Wednesday night.

538.polls.only.2016.jun.sep.24

nate.silver.projections.2016.sep.24

Click for larger image.

538.winding.path.2016.jun.sep.24.600x450

EU

UK

France

Syria

  • Russia accused of war crimes in Syria at UN security council session (The Guardian) Russia has been directly and repeatedly accused of war crimes at the UN security council in an unusually blunt session, as hopes of any form of ceasefire were flattened by the scale and ferocity of the Syrian regime's assault on eastern Aleppo. The war crimes accusations centered on the widespread use of bunker-busting and incendiary bombs on the 275,000 civilians living in the rebel-held east of the city, weapons that Moscow's accusers say were dropped by Russian aircraft. Matthew Rycroft, the UK ambassador to the UN said during the emergency security council session on Syria on Sunday:

"Bunker-busting bombs, more suited to destroying military installations, are now destroying homes, decimating bomb shelters, crippling, maiming, killing dozens, if not hundreds."

Saudi Arabia

  • Saudi Arabia Injects $5.3 Billion in Bank System Amid Crunch (Bloomberg) Saudi Arabia's central bank stepped up efforts to support lenders in the Arab world's biggest economy as they grapple with the effects of low oil prices. The Saudi Arabian Monetary Agency, as the central bank is known, said it decided to give banks about 20 billion riyals ($5.3 billion) in the form of time deposits "on behalf of government entities". It's also introducing seven-day and 28-day repurchase agreements, as part of its "supportive monetary policy". The plunge in oil prices over the past two years forced the government to draw down on its deposits in the banking system, squeezing domestic liquidity.

China

  • Why China is caught in India-Pakistan crossfire (South China Morning Post) India is trying to pressure China to "rein in" Pakistan after the recent attacks in Kashmir which India says were carried out by terrorists sheltered by Pakistan.

Canada

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Joan Robinson’s Critique of Marginal Utility Theory
The Truth About Trade Agreements - and Why We Need Them
News Blog
The Universities Churning Out The Most Billionaires
Five Amazing Ways Plants Have Created New Technologies
Where U.S. Weekly Wages Go The Furthest
What We Read Today 09 December 2016
How To Stop Using Filler Words Like Um And Uh
02 December 2016: ECRI's WLI Growth Index Improvement Continues
Preliminary December 2016 Michigan Consumer Sentiment Highest Since Early 2015
October 2016 Wholesale Sales Improved
Rail Week Ending 03 December 2016: Finally A Positive Month
November 2016 CBO Monthly Budget Review: Total Receipts Up by 1 Percent in the First Two Months of Fiscal Year 2017
Infographic Of The Day: Copyright - Illegal Download
Early Headlines: Asia Stocks Mixed, Oil Steady, Bank Mafia, Trump To Remain TV Producer, US Life Expectancy Down, India Stocks Suffering, Park Impeached, China Struggles To Support Yuan And More
Heavy Metal And Hard Rock Albums That Went Certified Diamond Status
Investing Blog
Investing,com Weekly Wrap-up 09 December 2016
Are Your Trade Entries Patient Enough?
Opinion Blog
Looking At Everything: Trump's $1 Trillion Infrastructure Plan
The Global Financial Mess Is Due To Political Failure
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
09Dec2016 Market Close: Wall Street Closes On A New High, Trump Sugar High, Crude Prices Testing Resistance, US Dollar Melts Higher
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved